Apple card approval EXTREME LOW Limit

[Hockeypnc1]

I was excited to get one of these. So excited, I went thru days of troubleshooting.

When I finally figured out the tech issue, I got turned down at first. Then I was given an option to have Goldman Sachs review my application and approved with a $250 limit at 12.99%

Wow I was mad and sad. I accepted it, just because I wanted one of these cards so bad, but it will most likely get very minimal usage and sock-drawered or pocketed.

I have scores between 650-665, approximately. They have been fluctuating.

I have a car loan, a personal loan, a CreditBuilder loan, student loans, many credit cards (at just 2% utilization), a BK7 from Dec. 2016.

I have seen people getting $10,000+ limits with worse scores.

What gives?!?!?

[JourneyStartsNow]

Your BK7 is probably the reason

[Anonymous]

OP - just curious about your comment about being given the option to have GS review your application after denial. How did you get this option?

I’ve read many reports of no recon options on this card. Has that changed?

[Hockeypnc1]

It said "we can't initially approve you, to have Goldman look at your Apple purchase history and review, click yes"

[Hockeypnc1]

Could be. I guess they aren't issuing CLIs for 6 months. I guess it's nice to get an approval with a new bank.

[credit_is_crack]

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@Hockeypnc1 wrote:

Could be. I guess they aren't issuing CLIs for 6 months. I guess it's nice to get an approval with a new bank.

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I got the same message about "can't approve you with a review" when I did mine today as well. I'm guessing they just didn't have enough on you internally, but then after hitting continue the next screen popped up in like 5 seconds and it had the offer. Most of the folks who got denied had a common trend, some sort of late payment on their report within the last 3 years. I think you squeezed by considering you have a BK on there because many who had a late, but not BK were not getting approved at all. You gotta start somewhere -- keep at it! 

[AllZero]

Congratulations on your approval. If it's any consolation prize, 12.99% is the best APR.

[Hockeypnc1]

Yes, I hope that I can continue to rebuild and maybe they'll bump me to $1000 in 6 months. We'll see though!

[AllZero]

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@Hockeypnc1 wrote:

Yes, I hope that I can continue to rebuild and maybe they'll bump me to $1000 in 6 months. We'll see though!

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I think that could be quite possible. Reasonable to believe it's easier getting a CLI than a APR reduction. Good luck.

[mikesonthemend]

I also received a lowish APR and low SL. I declined it. Have checked three times since and it is still there. Gonna wait them out.